Is It Safe To Leave Your Tokens On An Exchange

NicholasMerten
2022-10-28 07:25:13

A friend of mine once told me that exchanges is the safest place to leave one's tokens because if the exchange is hacked and tokens stolen, those tokens that were stolen will be refunded to their owners by the exchange. So I ask the more experienced ones amongst us to share their experience with exchanges and to share if this claim by my friend is true.

ShawnDsouza
2022-10-28 07:25:38
I don't think many are holding this claim because what I usually read previously was that token isn't safe to leave in exchanger. If exchange is hack and the fund was stolen what something you can get from them. I think it is better to let your twoken be in your wallet if you plan to hodl it for the long term. Better to put it (your token) in an exchange if you are decided to sell. Being wise by taking care your fund if the best one than trusting to an unsure idea and regret later.